USDTRY

USDTRY is a currency pair which consists of the US dollar and the Turkish lira and has a high volatility on Forex. Due to the unstable national currency of Turkey, the movements of USDTRY are subject to strong fluctuations both in the short and medium term. The movement of this trading instrument per day can reach 500-700 points, which significantly exceeds the daily interval of fluctuations of most major pairs. With account to this property, one can successfully trade USDTRY receiving considerable earnings in a short time.
In order to independently forecast the movement of the US dollar against the Turkish lira, one must have an idea of ​​the economies of the issuing countries of the pair. And while the powerful US economy does not need a detailed description, the state of affairs in the economy of Turkey should be mentioned. The international tourism that has developed in the past decades, which the Turkish economy was mainly oriented towards, is now subject to damage for socio-political reasons.
The course of this exotic instrument is influenced among other things by macroeconomic indicators of the US and Turkey (interest rates of Central banks, trade balances, GDP data and inflation).
It should be noted that there is a strong correlation of USDTRY with EURTRY and GBPTRY charts.
Below is a real time chart of USD/TRY online quotes .

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Sell

Buy

Mood

1-day change

6.43103

6.32603

N/A

Buy

-0.5196(-7.54%)

The rate of USDTRY (USDTRY) currency pair for today is $6.43103. The highest cost of USDTRY (USDTRY) for today was $6.9636, the lowest rate was $6.2968. The opening price: $6.8882. The quotes chart of USDTRY (USDTRY) currency pair in real time is presented below.

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